RD359 - Education Improvement Scholarships Tax Credits Program


Executive Summary:
Pursuant to Section 58.1-439.27 of the Code of Virginia, the Department of Education ("the Department") is required to report to the Chairmen of the Senate and House Finance Committees a list of scholarship foundations that received donations for which tax credits were issued under the Education Improvement Scholarships Tax Credits program. The report is based on donations that were made during the 12-month period ending on the immediately preceding June 30. Since this tax credit became effective January 1, 2013, this report is based on donations received between January 1,2013 and June 30, 2013. The December I, 2014, report, and all future reports, will be based on the full fiscal year.